NHI Announces $9 Million Purchase/Leaseback of Three Assisted Living
Facilities in Oregon and Idaho

December 24, 2012 05:00 AM Eastern Time

MURFREESBORO, Tenn.--(BUSINESS WIRE)--National Health Investors, Inc. (NYSE:NHI) announced today a $9 million
purchase and leaseback transaction with Milestone Retirement
Communities, LLC ("Milestone"). The 101-unit acquisition includes two
assisted living facilities in Ontario, Oregon and one in Weiser, Idaho.
Milestone will lease and continue to operate the facilities for an
initial term of 10 years with renewal options at a lease rate of 7.75%
plus annual fixed escalators. The purchase was funded from borrowings on
NHI’s revolving credit facility.

“This acquisition continues the growth of our assisted living portfolio
with an experienced operator”

“This acquisition continues the growth of our assisted living portfolio
with an experienced operator,” said Justin Hutchens, NHI’s President and
CEO.

Statements in this press release that are not historical facts are
forward-looking statements. NHI cautions investors that any
forward-looking statements may involve risks and uncertainties and are
not guarantees of future performance. All forward-looking statements
represent NHI's judgment as of the date of this release.Investors
are urged to carefully review and consider the various disclosures made
by NHI in its periodic reports filed with the Securities and Exchange
Commission, including the risk factors and other information disclosed
in NHI’s Annual Report on Form 10-K for the most recently ended fiscal
year. Copies of these filings are available at no cost on the SEC's web
site at http://www.sec.gov
or on NHI’s web site at http://www.nhireit.com

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